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Simon Property Group SPG

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    1. Friday Five: Fed Guessing Game Continues

      Video Reports

      Fri, 20 Mar 2015

      are dead, mall REIT [TICKER: SPG ] Simon Property Group is making a bid to get bigger ..... from dead in a lot of places. Simon is the largest mall REIT, and ..... conversations or negotiations with Simon . They've actually adopted some

      Simon Property Group found at 2:11

      shouldn't be material. Stipp: Although some think shopping malls are dead, mall REIT [TICKER: SPG ] Simon Property Group is making a bid to get bigger this week. Glaser: They strongly disagree, and if you look at their fundamentals, particularly at their higher-end properties, you really see that the mall is far from dead in a lot of places. Simon is the largest mall REIT, and they want to get even bigger by purchasing their peer [TICKER:MAC] Macerich in what's potentially a $22 billion deal. [TICKER:MAC] Macerich is not so excited about this combination. They've rejected it and aren't entering into conversations or negotiations with Simon . They've actually adopted some poison pills and a classified board structure to make sure Simon can't take it through brute force. Simon isn't backing away; they're going to go direct to the shareholders. They think their deal is the best thing for [TICKER:MAC] Macerich shareholders. Todd Lukasik, our REIT analyst, thinks that Simon does have a good point, that they really will be able to bring out some synergies, and it does make sense to have a bigger portfolio. Macerich's high-end properties in geographic areas where Simon doesn't have a footprint are a good fit. But he does warn that if they go much over their current valuation for [TICKER:MAC] Macerich, it really isn't going to add a lot of value for Simon shareholders. We should watch it closely to make sure they don't ratchet that price up too much to the point where they're
    2. Simon says: Macerich offer 'best and final'

      Headlines

      Fri, 20 Mar 2015

      (Reuters) - Simon Property Group Inc , the No.1 U.S. mall owner, made what it said was its "best and final offer" for Macerich Co three days after its smaller rival rejected its initial proposal and adopted a poison pill takeover defense.

    3. UPDATE 4- Simon says: Macerich offer "best and final"

      Headlines

      Fri, 20 Mar 2015

      * Simon Property will not nominate directors to Macerich board

    4. Simon Property raises offer for Macerich to $95.50/share

      Headlines

      Fri, 20 Mar 2015

      March 20 (Reuters) - Simon Property Group Inc, the largest U.S. shopping mall owner, raised its offer for smaller rival Macerich Co to $95.50 per share in cash and stock.

    5. Simon Delivers Best and Final Offer to Acquire Macerich for $95.50 per Share

      Commentary

      Fri, 20 Mar 2015

      per share to acquire Macerich, Simon Property Group appears prepared to either consummate ..... offer price by $4.50 per share, Simon has given Macerich an April 1 deadline to engage with Simon , after which the offer will be

    6. Macerich moves make Simon Property takeover bid tougher

      Headlines

      Thu, 19 Mar 2015

      NEW YORK, March 19 (Reuters) - Whether a ploy to drive bidding higher or an effective roadblock, Macerich Co.'s moves this week to ward off Simon Property Group Inc's $14.39 billion hostile takeover...

    7. Macerich rejects Simon Property offer, adopts poison pill

      Headlines

      Tue, 17 Mar 2015

      (Reuters) - Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the proposal "substantially undervalues" the company.

    8. UPDATE 4-Macerich rejects Simon Property offer, adopts poison pill

      Headlines

      Tue, 17 Mar 2015

      * Shares fall as much as 5 pct (Adds Breakingviews link, updates stock prices)

    9. Simon Responds to Macerich's Rejection With Direct Appeal to Macerich's Shareholders

      Commentary

      Tue, 17 Mar 2015

      91 per share takeover offer, Simon Property Group has appealed directly to Macerich ..... points are most salient. First, Simon questions Macerich's board ..... shares at $71 per share. Second, Simon makes the case for greater potential

    10. Macerich rejects Simon Property's offer, adopts poison pill

      Headlines

      Tue, 17 Mar 2015

      March 17 (Reuters) - Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion offer from larger rival Simon Property Group Inc, saying the offer "substantially undervalues"...

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